The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-09-17

bags; September IL. zoe; October IT % a IL. 45c;
November, 1875 a IL. Coo: December, 1850 a
II SOC; January 11 go q ~ 15e: Febrnary ITO
H. 65 a H. Soc; June. IL. 90 a L. S0c July, IL Soc.
Sugar dull and easy; Pernamubuco 4sc; refced
steady; cut-loaf and crushed, G. 56 a &c; gram
lated. &c. Molasses quiet and unchanged. Rice
in fair demand,
Tallow more active AID steady. Rosin dull at
81 % L12k.
Eggs, fair inquiry; receipts, 2,156 packages;
Western, IA 0l9c.
Pork firm and more active; city family mess,
$40 50020 Cut meats firm; picked shoulders,
&c; picked hams. 12lc Lard 304 points lower;
Western steam, spot. Sc. 10; September, Sc. 90 %
GIL; October, Sc 6S a GIL: November, Sc 60
III; December, So 63G6 81; January. Sc $50
~ February. Sc 70 "a D. 10; city steam. So 90.
Butter quiet and barely steady; Western
creamery. Is 024c. Cheese firm and in fair
quest; Western. 901lc.
CHICAGO, Sept 16-A tremendous slide in
short rib prices the chief sensation
Change to-day. The ribs have been Armour's
plaything this season. The idea got abroad
in bust ness-like way that they were surely GO
ing to $40 Perhaps they are, but the tallers
who have been catching on to make fortunes
out of the deal got bad shaking out this morn
ing, when October ribs. which had been selling
at So 60 took a-drop to So 10 before noon. Next
to ribs, wheat was the center of interest the
first two hours, and there was really good
speculative feeling in the pit. October found
its way from 68sc the opening. up to 694c.
while December touched re. Shortly before
tner6 reaction
the opening points and slightly under yester
days close. AT the same time,
corn, which had opened weak but quite steady,
began to show unusual weakness. and futures
dropped suddenly about &C. Thus. before noon.
the provision crowd, the wheat crowd and the
crowd, each in its turn, showed consider
able activity and excitement, which were quite
in contrast with the Indifferent quiet of the past
few days and weeks. Wheat promised well
early, but the session closed with little change
In the situation or prices October sold at 6Ssc
and he iuOf onch a6 n owe
was reached yesterday. reacted, and on very
good feeling advanced to 694c. About noon,
October again went back to csc and steadied to
69c. Corn started off quiet enough at the open
ing, but before noon it was making things lively
for an anxious crowd of traders, and the decline
of the market was second only to that in short
ribs. The Liverpool advices were very dlscour-
aging to holders. The October option opened
where it closed yesterday. at 42c, and sold up
large quantities of .1ong" corn in the hands oe
few parties This was thrown on the market,
and, one was present to take the of side,
there was a general weakening. Prices for DC
tober declined quite sharply &c, from Age to
41sc. After steadying for a time it went to 4lsc,
and reacted slightly to 413c This was followed
by smother let,down to 4lac, and at P. M. the
indicator rested at 4isc, or &c under the best
prices of the morning. The final price in the
afternoon &c lower. May opened at the
closing point 4o5a sold at 4os, then up Up, to 425e,
corn appeared 10 be the selling by "longs"
VINO na1 taken OctODer IN dntlclpa-
ton of slight squeeze. Oats ranged csc
lower for everything but September which did
not change materially. September was in some
demand from shorts" and offerings were light.
Long" deliveries were influenced by the de-
cline in other markets. Provisions were decid-
edly active, especially snort-rib sides. The
market for the latter product was unsettled and
demoralized during the greater portion of the
day, and fluctuations in prices were wild and
frequent. Offerings were liberal. and early
sales were made at z! a 10c decline on yesterdays
closing figures, which was followed by further
of &c. From this point the market
rallied 10c, but soon receded 15020c Toward
the close the market was steadier, and prices
advanced 10 a 12!c, and the market closed tame.
The trading chiefly in October delivery.
The leading futures ranged follows: